Ukraine: Ukraine PM orders probe of embezzlement of state funds by Naftogaz in plot with Ostchem

The Cabinet of Ministers has initiated an internal investigation against officials of Naftogaz Ukrainy for losses caused to the state of UAH 5.7 billion as a result of collusion with the Ostchem group of companies controlled by oligrach Dmytro Firtash, Ukrainian Prime Minister Arseniy Yatsenyuk said at a government meeting on Wednesday.

The prime minister also said there was a need to carefully monitor the activities of Naftogaz Ukrainy.

“I ask the interior minister to take personal control of the investigation into this [case of the] embezzlement of billions,” Yatsenyuk added.